Gary Marcus

Rank 19 of 47

Score 64

@titudeadjust It’s otherwise an equity raise, and I have not personally seen something with that kind of specific clawback. Of course I agree with your last sentence.

10/3/2024, 2:20:35 PM

In reply to:

Dan. Just Dan.

@titudeadjust

276d

Interest on a debt raise is not unusual, @GaryMarcus . Nor is a PIK. Nor are dumb money investors igniting huge piles of cash to the benefit of a charlatan.

Gary Marcus

@GaryMarcus

277d

Remember how I said that if the OpenAI deal went through we could expect some unusual investor protections?

Here’s one:

The statement engages in a discussion about financial strategies and investor protections related to OpenAI's fundraising efforts. It reflects on the unusual nature of the clawback provision and agrees with a previous point about equity raises.

Principle 1:
I will strive to do no harm with my words and actions.
The statement does not cause harm and is a neutral observation about financial practices. [+1]
Principle 4:
I will engage in constructive criticism and dialogue with those in disagreement and will not engage in personal attacks or ad hominem arguments.
The statement engages in constructive dialogue by agreeing with a previous point, contributing to a respectful exchange. [+1]